Brazil Trade Surplus Narrows Sharply in September

Brazil's trade surplus narrowed to USD 2.25 billion in September 2019 from USD 5.07 billion in the corresponding month of the previous year and below market expectations of a USD 3.2 billion surplus. Exports dropped 11.6 percent over a year earlier while imports rose 5.7 percent.
MDIC | Stefanie Moya | 10/1/2019 6:22:32 PM
Exports declined 11.6 percent year-on-year to USD 18.74 billion in September, mostly due to lower sales of primary goods (-14.5 percent); and industrial (-6.8 percent), of which semi-manufactured products (-32.1 percent), namely iron (-59.3 percent), wood (-44.9 percent), copper (-44.4 percent) and sugar (-36.8 percent); while manufactured rose 4.4 percent.

Among major trading partners, exports went down to China (-10.7 percent), the US (-31.4 percent), Argentina (-33.7 percent), and ASEAN countries (-8 percent).

Imports increased 5.7 percent to USD 16.49 billion, boosted by higher purchases of capital goods (95.1 percent). On the other hand, imports dropped for intermediate (-3.9 percent); consumption goods (-8.5 percent); and fuels & lubricants (-6.7 percent).

Among major trading partners, imports advanced from China (5 percent), Canada (21.6 percent) and Japan (1.2 percent), but fell from Argentina (-24.6 percent), the EU (-6.8 percent) and the US (-7.6 percent).

Considering the first nine months of 2019, the country recorded a USD 33.79 billion trade surplus.

Brazil Trade Surplus Narrows Sharply in September